Technical
Financial
Distress signals
Property profile

5634 W Jefferson Blvd Fort Wayne, IN 46804

FOR SALE
Retail space
Property ID
US31-0245404
5,920 SF 0.56 ac lot Built 1964
Individually Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.57-acre commercial property located at 5634 W Jefferson Boulevard in Fort Wayne, Indiana, presents a unique investment opportunity. The property boasts a substantial 24,829 square feet of land, offering significant development potential. Currently configured as a multi-use building, it's adaptable to various commercial ventures. The existing structure is comprised of sixteen rooms, currently utilized for professional businesses and apartments. The layout includes four bathrooms on the upper floor and nine on the lower floor, providing ample facilities. Convenient access is available from both the front and rear of the lot, enhancing functionality and accessibility. The asking price for this prime Allen County property is $1,188,000. Its strategic location in Fort Wayne, with zip code 46804, offers excellent visibility and proximity to key transportation routes. This versatile property is ideal for investors seeking a high-return opportunity with significant redevelopment potential or a ready-to-use multi-unit building. The substantial size and existing infrastructure make it an attractive proposition for a wide range of commercial uses. This is a rare chance to acquire a significant commercial property in a thriving Indiana market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1964
Construction WOOD
Total area 5,920 SF
Lot 0.56 ac (24,611 SF)
APN 02-12-07-478-002.000-074
UPID US31-0245404

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Alternative Medicine Practice Spa & Massage Center

Location

5634 W Jefferson Blvd Fort Wayne, IN 46804
Fort Wayne metro Census 11501 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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